In response to:

An Economic 'Plan'?

Cato JR Wrote: Oct 26, 2012 2:38 PM

The Dems promised an end to all sorts of tariffs and imposts and liquor taxes (as usual with Dems, it almost always comes down to buying votes thru personal corruption) in exchange. They tricked people by ending thte voluntary nature of our tax system and the same year they ended the gold backed dollar in 1913, creating the Federal Reserve Board. Those 2 brought back slavery to the U.S., but now for all. Your survival is at the whim of the political class. As for the Great Depression, it didn't start until after Dems tripled tax rates after winning Congress in 1930. Reagan still inherited worse, and it was over before 1982 began. The deflation, though, took longer to end, and govt. economic data never grasps deflation -- see 2008.

Join the Debate!

All comments and users are subject to Townhall's new comments policy.

Read Full Story

An Economic 'Plan'?

Former president Bill Clinton told the Democratic National Convention that Barack Obama has a plan to rescue the economy, and only the fact that the Republicans stood in his way has stopped him from getting the economy out of the doldrums.

From all this, and much else that is said in the media and on the campaign trail, you might think that the economy requires government intervention to revive and create jobs. It is Beltway dogma that the government has to "do something."

History tells a different story. For the first 150 years of this country's existence, the federal...

Related Tags: Budget and Government Media and Culture Ronald Reagan Bill Clinton Economic Growth FDR DNC 2012 Convention Warren G. Harding